SOME OWNER FINANCING POSSIBLE. Also... PROPERTY COULD QUALIFY FOR 5% DOWN FHA PROGRAM FOR APPROVED BUYERS WHO WANT TO LIVE IN ONE OR MORE OF THE UNITS! Incredible investment opportunity. This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance and profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, a brand new natural gas boiler, solar panels, carpet-free units, and a massive 5+ car garage with storage above offering tons of potential. The current owner has easily leased these for decades - tenants that have all been moved into month-to-month leases so a new buyer has options (though they all want to stay). The income on this property speaks for itself - with a pair of 2 br units, one 1 br plus den, and a 3 br/2ba, this property would bring $60k+ per year to an investor's portfolio. Or live in one of the units and have your money working for you! There is ample off-street parking, and a cute yard with a small playground and garden area. Located just 2 short blocks behind the main business district of Vermont's Smallest (and arguably most charming) City, easy walking distance to the shops and restaurants. 30 minutes to Burlington and less than 20 minutes to Middlebury.
Vergennes is located in Vermont. Vergennes, Vermont has a population of 2,606. Vergennes is less family-centric than the surrounding county with 24.75% of the households containing married families with children. The county average for households married with children is 30.33%.
The median household income in Vergennes, Vermont is $56,250. The median household income for the surrounding county is $61,875 compared to the national median of $57,652. The median age of people living in Vergennes is 43.6 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 8.5 degrees. The average rainfall is approximately 41.6 inches per year, with 65.2 inches of snow per year.
